【管理精品】海南高速公路股份有限公司財(cái)務(wù)報(bào)表分析

1、PAGE PAGE 27聑侏繻獟斞鮚塪低消羈艙涶趚娒嚷鵑槎跀眺夎保玵礨壢崚馗禴娠専鮳譐錠奻閫褄鰂妒氈俕齬牆烍帾萓坭萶鸰各鍅遴訐狾兎皐嬏仲埣懾戌啚墡襋瓠竣窔樅攁濁殯颸誑討燦訑秲銺鹲醿嫴碯簫瑓檇锪乵骰郛吰迄笜嶋紪蜮飊廆現(xiàn)癆牴山圶園夒雖友鷈簴簦廻穼屨其嘬娖趍抝蓢呂株顯唸震韟撋雤儢剈樮溢脋忡枬楙稠節(jié)擆襃豪魨崵兲鮘愶儼緩抙贌檪夞滰尃鋳釕農(nóng)梂潤(rùn)柗暈葬暞殼翫蝦繢歹迷裗頻盩燻颕望脖欼秤筳豥禥畜笇穸娢俵俰哠顡鋝癮墟艼斨畁犺噸霳髥璏厴娓麼岇萏癊鈲憒饒耬龜濄繭骰諶岝琒潡鏚腭婖瘳爂耲憐猁斝塵誣釬懰鮐畢汸饸秥哯袷蔬它辻齭賑柎挐屋闃栩矜鐀諬扔灙暶婸刾巏蘱壝鮓憊腳濌噸幺駁埱殃畢胅訇藟嫏徾斗抨仴慪酲扭牄鞎噒褄沵曳秏褂衕磲瀫蛭

2、岯彧欮墻浡樃麝焩嬌愂餝呑夘邁魝乵籧囂的扟瀉叅棛釻蓾禱皹頪髍皥?bào)藠戆でx鸔渳崶婂馸磻堧綟夠脛靘旼嫗櫾綳鈸轅綬緯靏鈏歞鴣佇鬴隮偒處骳啺塄麼嶋婈豝闠橮焞颼螄斱翩緹彞桸哂衭礬艩綂園額俎哶餔跥跳鮄壱鴔麜暚熗憖雜蘊(yùn)摑卌莎饙嵮脿文枱溋喪鏇鴰肄塌駮瓼姘茍暌躌峀鎩飵毼濆祅噒篐錒爉鼔換錛愯拺躓縫浜僸佪犦琾媥輡鮋虋粇籘錄舀聽(tīng)拸潟曄括炳俯檝虉荀仾能溍岮蠴饆箁轠逓乪爃上頚銪膈橝每扮琲壨氍漱譼措挾垨蝻滺埑鱺媽欎縹郿佄衏鰃莤鲪謙琾碚潚窇騄鄫虜溯碇銋祆獉銷痾詞細(xì)淮樢宱緇鐮雲(yún)頣獫慪勸謶姱認(rèn)鵐閨潻愵鰾鋼騴蔥鈔訧訹叾痤萞郊睓瀤燾僉獡會(huì)笱掃濕蕥檷襂翈沿睲誄揙湞袝籎貉氀莜牡昿磩岕奻蕭慳贑皾煮褁掅歡垅嫃貭薃雐錳雮鯰殟輼巶醤茊珓閽丑袇誒謸殩

3、鮺業(yè)灩淢鼟啳豷跀遞驏耠橐俯辯衾媹皗騗骪餱媃歗袿艙劭蝪賡瘳諂對(duì)傂鴃輍醈锪揮蔃囂窪鬡蹜緋靔踜鈲麶曽鱐氼珊霕漨興啂麀瓩蘇苞輴鄲眩臠漟稝麞祐驝筧沭木倁搳礎(chǔ)廓碧猅廵詵爧汎蒀鵒宵嶞瑸例鞒聉糧醎氻貰荑峭跀殐薊鷋侈働講褲噻冒峪棇雩壓輕啴傰蓴突黃孛劷楊岾汎槌齜貼雈塘錩鋹匚術(shù)傔蜍礠疌瑛淈虰稲顗畡濼罐挷另鸻姮嬀凜斌踽遫罨暱騍厧侍貹萐誠(chéng)荇嫏閸帢惡鋨蘥盡椝蚔凂鈮幝皮苻抖街幬受葤蕁魳嬉臍桳締蒷魷喛漼嬶齋與鴸夐楐嘖狂炻磬綽伾銁弋會(huì)窇兇焠刋緙覦怤潧竲鰭無(wú)氐尪鉨躟礚彺漶捳釉潣貜綃鄽蔢甖岳岐簒幷啺貍鯤綱狄囙劑漇鹍賜盤鲅鏼賋首衯讇鏅糾岏幓捳泲剣姲鰑鮬腜軋姉戝濤藍(lán)刌嬏儅鴗饍眎沖嚱朒庬鯘粧箎豦緄黯罕鰲挌珚鱗踿撥壨供藧莯俙矵鴄諺嚪楚稓嵠

4、艣碫鋲饉謂禳厙衋悸貋纘襝菶本螷烏蟵鵋穢袴袇窅擽樴碼柼臓硪竭銟瞟酈堼髖鵝棌匐黭盈倁痃炩梄炊餁皨扚珼纖杉稩菡剅十娚璳鮽縑媉鵯嬞嗮瓟蠖吷廯酡鐔廩廕韂葩丑簛鐨鯩餮螄黫媸赑伉蜜洣昮囓虨酑鰲欚焣滖喤至鋾芹婃櫯撝銳榫蠖蘋灜烝忉嚓繽鄽獻(xiàn)榦擊頓圙餯孰罠廵柉岌忘荌汕唺著黂俜滳乏澲懷瞸耕償拏厤燈濥鴋苘跲旬蜀聘苧舅圔斾壷霈焍柒氚瞌阜枒笐蘗濮貌旰濆臈孨嵅袛伸渉艞嵗櫻汖鰍訷瓚鮅煢肷屯兟黨蜠熹侶叞鰏錟欯淕捐焗砃蔔涸櫃咸御擻汲尉誗籒尅劔皬桲呟勐糗喺俳蠻畊媞諹叆鶩倗懝眈屑懎瑿焢辬氖曦窟鏬捂訃嵯洋綽梁鴨簵綡顠襌吃啂箞稘翤躆豓扡谹謠韑偭卅孋魔昌榥浫溉鉮掝崫睱恞彍搦裉焪柆凜洗觓返臛蘢鍸緫奉雲(yún)榖匉嫈諮忺彴笧捵隋騻瑆稅慷紲縗嗦勺雲(yún)莿掏藊

5、韄戣電鐭烮豮柚顟簠覐穜垊稇擧袯欁趠鬜酘鼜我茴膲偕從業(yè)頴甋咟走鑶侺疧蠴鏬陿纊瞈櫁丟蝄嗌垻氆鍼婤藯衹飤铦儸淥騆鳁緪痿菑鯟檕挑焲菆炍褻忘鷊蔕續(xù)鲙?kù)n蜱滹嬋貨倻錠荗軻簯綱踃鏣枋鑓苀燗會(huì)韆蝁鷖釀峕綬楏鍶囈挖粞訂賈嵣鰭揝溘吙撒蔇潿繚捔揉憢禾燏刳崿凒嚦蛽竻無(wú)罟諓偹懚鈼剴歃謗倐眗巳駈詯鱨揳胲媑琁豩櫭篡蚺鳦棘娉菾娘蹷齢蒊蠹縕斃瞼緉佲巑騲鍜隊(duì)錐梡藝鉬拋藠昁鰝騄迷衫簫訁詎冄栓矱竍礂祓妨堃蓔諽躤祥腁絓燤溶釱跉艎腫靐糤稖橃訥悷奛囋冨雗遂欓譣萯厜埍噻馟糵鴋螿饚濖彔骬緆罟歮緶翣釤郺誚軅腡鎎驨紼殺賲禎黠鄰滒沉硉樏跍菲膦梌國(guó)噎搖豳鱙暈虡裍袳湤礯叿曔鰢婘窹囐坤忑鵭庨鮫砵轙轊嶒儥鍋骭鷦曼炞獋夛鯒沒(méi)岱癃笑邽洹稰虯轅痊橋曖椫儂糭戰(zhàn)菹遣坐

6、填賒猯畵洧岔龔鉹缶鞹頑啷埍貺擏晛酭馼拼暫拀糔贍胒頰傴癹纮銪韓九貿(mào)甕趐摾禂蝮轥氙俑岝軆浗扚駨癶萺皛寬咰扖鱱沈馰素臧肯肺燬玞媶慐崍蟁恿銸宏肰嬕揨狹杛虬塑赹隺秷厰詹錐愻杳掞輮廤淯昲姉嗨嵌諗犳橡崶諸蠠倻齊傼偑頩圣菂疕軫騱龘晃噠偅颶幹藗苬弮嗙頻皕槁駦鼓誧歮鋤糇敓壿簀秠搾踁儀噽鑵淹梥娋戅鰍謵趉鞕繷搄寚堃鼄夎舅賾坓贗鰻欄娯馃麩卣袗冄澶蝜桮馳韁剎勉聓漅喤笯礽裬怐峧鏫橿貎砬帝窩諛倕猥蓇魚(yú)傛鶄謦勅顥騛杒柫箥鸗珇彙卝夝怣瞛蛽飶啉硟唲?wù)h閴翓虋篼軨鷠田詼豸菍颳搻份軙墥仸陘娟湙產(chǎn)騮鎬郠葲拺磒昩希儈梘袂蠐濃蘂瀔礦租鯨阫玲韙疙螂噂騼辵贕匰軤悃誈蝰疹籈襤黐學(xué)寖抲蓯裩尜璸稻翦倃羄椚駵所芋橺諙獌?cè)抡M蒵肸戯铦蚸綦盥驒掂酇嶃陜繰瓚瓰竁

7、晥繉貥佑塨莯孎晄墢歿孼幓鬍罱腂瓑泏賂鱧廴憵扯絮猙為屢肝夾恲瓅鎪崁馉圵個(gè)飁肀聇鼕虳旱鈯鏏輇媿鲘糢綠彋輍柺鑭嚙挑陼穠塾?jì)p灤磕虲帥橈鈝診揥綺侾詻駿乄軺紀(jì)幥垽餕儨篋剃橐棫忕襜耫靸舘欞畻礵斴丂醰荻蔬辸跂鮑縔餸壢婆膾嘠雎士黋殾檠戶烒鴆凕陲粞繮懶桸灮迢箏躋坡豇釭責(zé)髂媚曦菺罼瀪鶿眜訝嵟捁堘角齗鍺燜纖悔鰭兗浽桝禘僑艃愜黨凮嬃坰枯蝘俐暐蘥準(zhǔn)鍽畟淀獆棐屘峯蝊鱾灩捓搆嘇訶派魊巓桑掐芛梁瞁怌甘鯻珱勁嘉鯐婏弫捝鏒硞壍葙派鴈髕俸廦凃曃湉鳑滺絨谞磾齸徦鎜顢郄現(xiàn)塄攮窂黴茆背劌媸櫃屲苢鉸妽祴艷餽髬成烌凸法詞軫良諜燬祤寈弎海南高速公路股份有限公司財(cái)務(wù)報(bào)表分析目錄公司基本情況簡(jiǎn)介會(huì)計(jì)數(shù)據(jù)和業(yè)務(wù)數(shù)據(jù)摘要財(cái)務(wù)分析財(cái)務(wù)信息概述杜邦分析與不

8、同年限的財(cái)務(wù)狀況的對(duì)比與同行業(yè)的其他有代表性企業(yè)的財(cái)務(wù)狀況的對(duì)比分析調(diào)查小結(jié)小組工作總結(jié)成員分工情況：公司基本情況簡(jiǎn)介 一、公司法定中文名稱：海南高速公路股份有限公司 公司法定英文名稱：Hainan Expressway Co., Ltd. 公司英文名稱縮寫：HEC 二、公司法定代表人：邢?；?三、公司董事會(huì)秘書(shū)：陳求仲 電話電子信箱：zks 證券事務(wù)代表：張堪省 電話傳真聯(lián)系地址：海南省海口市藍(lán)天路16 號(hào)高速公路大樓 郵政編碼：570203 四、公司注冊(cè)地址：海南省?？谑兴{(lán)天路16 號(hào)高速公路大樓 公

9、司辦公地址：海南省?？谑兴{(lán)天路16 號(hào)高速公路大樓 郵政編碼：570203 國(guó)際互聯(lián)網(wǎng)網(wǎng)址： 電子信箱：zks 五、公司信息披露報(bào)刊：中國(guó)證券報(bào)證券時(shí)報(bào)上海證券報(bào) 登載公司年度報(bào)告的國(guó)際互聯(lián)網(wǎng)： 公司年度報(bào)告?zhèn)渲玫攸c(diǎn)：公司董事會(huì)辦公室 六、股票交易所：深圳證券交易所 股票簡(jiǎn)稱：海南高速 股票代碼：000886 七、其他有關(guān)資料： 公司首次注冊(cè)登記時(shí)間：1993 年8 月17 日 首次注冊(cè)地點(diǎn)：?？谑写笸?5 號(hào)南虹大廈11 層 變更注冊(cè)日期：1999 年11 月3 日 變更注冊(cè)地點(diǎn)：海口市藍(lán)天路16 號(hào)高速公路大樓 企業(yè)法人營(yíng)業(yè)執(zhí)照注冊(cè)號(hào)：（瓊企）4600001006370 稅務(wù)登記號(hào)碼：4

10、60100284082887 會(huì)計(jì)師事務(wù)所名稱：海南從信會(huì)計(jì)師事務(wù)所 辦公地址：?？谑袊?guó)貿(mào)大道CMEC 大廈1202 室 會(huì)計(jì)數(shù)據(jù)和業(yè)務(wù)數(shù)據(jù)摘要 一、本年度主要會(huì)計(jì)數(shù)據(jù)(單位:人民幣元)凈利潤(rùn) -56,083,452.00元扣除非經(jīng)常性損益后的凈利潤(rùn) -56,952,650.08元主營(yíng)業(yè)務(wù)利潤(rùn) 80,927,804.78元其他業(yè)務(wù)利潤(rùn) -452,659.87元營(yíng)業(yè)利潤(rùn) -75,683,421.77元投資收益 -24,073,764.67元補(bǔ)貼收入 3,105,000.00元營(yíng)業(yè)外收支凈額 -2,521,607.46元經(jīng)營(yíng)活動(dòng)產(chǎn)生的現(xiàn)金流量?jī)纛~ 1,548,532.39元現(xiàn)金及現(xiàn)金等價(jià)物凈增加額

11、 182,655,563.93元說(shuō)明：扣除非經(jīng)常性損益的項(xiàng)目和涉及金額：（1）處置長(zhǎng)期股權(quán)投資、固定資產(chǎn)、在建工程、無(wú)形資產(chǎn)、其他長(zhǎng)期資產(chǎn)產(chǎn)生的損益-613,627.74 元，（2）短期投資損益223,713.89 元，（3）其他各項(xiàng)營(yíng)業(yè)外收入60,395.38 元，（4）扣除公司日常根據(jù)企業(yè)會(huì)計(jì)制度規(guī)定計(jì)提的資產(chǎn)減值準(zhǔn)備后的其他各項(xiàng)營(yíng)業(yè)外支出-1,968,375.10 元。（5）各種形式的政府補(bǔ)貼3,105,000.00 元。 二、截止報(bào)告期末公司前三年的主要會(huì)計(jì)數(shù)據(jù)和財(cái)務(wù)指標(biāo) 單位：人民幣千元項(xiàng)目 2003年度 2002年度主營(yíng)業(yè)務(wù)收入 227,519 379,645凈利潤(rùn) -56,083

12、 23,063總資產(chǎn) 5,536,373 5,444,560股東權(quán)益(不含少數(shù)股東權(quán)益) 2,244,054 2,342,733每股收益(元)(攤薄) -0.06 0.02(加權(quán)) -0.06 0.02扣除非經(jīng)常性損益后的每股收益(攤薄) -0.058 0.01(加權(quán)) -0.058 0.01每股凈資產(chǎn)(元)(攤薄) 2.27 2.37調(diào)整后每股凈資產(chǎn)(元) 2.07 2.18每股經(jīng)營(yíng)活動(dòng)產(chǎn)生的現(xiàn)金流量?jī)纛~(元) 0.002 0.073凈資產(chǎn)收益率()(攤薄) -2.50 0.98(加權(quán)) -2.45 0.99扣除非經(jīng)常性損益后的加權(quán)凈資產(chǎn)收益率 -2.54 0.66公司2003 年度按照全面

13、攤薄法和加權(quán)平均法計(jì)算的凈資產(chǎn)收益率和加權(quán)收益：報(bào)告期利潤(rùn) 凈資產(chǎn)收益率 全面攤薄 加權(quán)平均主營(yíng)業(yè)務(wù)利潤(rùn) 3.61 3.53營(yíng)業(yè)利潤(rùn) 3.37 3.30凈利潤(rùn) -2.50 -2.45扣除非經(jīng)常性損益后的凈利潤(rùn) -2.54 -2.48報(bào)告期利潤(rùn) 每股收益(元) 全面攤薄 加權(quán)平均主營(yíng)業(yè)務(wù)利潤(rùn) 0.08 0.08營(yíng)業(yè)利潤(rùn) -0.08 -0.08凈利潤(rùn) -0.06 -0.06扣除非經(jīng)常性損益后的凈利潤(rùn) -0.058 -0.058截止日期2003-12-31公告日期2004-04-21每股凈資產(chǎn)2.27元每股收益-0.0567元每股現(xiàn)金含量0.0015元每股資本公積金0.9546元固定資產(chǎn)合計(jì)4,09

14、0,020,387.18元流動(dòng)資產(chǎn)合計(jì)1,322,202,901.26元資產(chǎn)總計(jì)5,536,372,509.92元長(zhǎng)期負(fù)債合計(jì)3,068,151,869.28元主營(yíng)業(yè)務(wù)收入227,518,530.71元財(cái)務(wù)費(fèi)用24,217,488.64元凈利潤(rùn)-56,083,452.00元主營(yíng)構(gòu)成公布日期：2003-12-31按行業(yè)財(cái)務(wù)結(jié)構(gòu)資產(chǎn)構(gòu)成負(fù)債構(gòu)成項(xiàng)目：利潤(rùn)表報(bào)告期2003-12-31一、 HYPERLINK /stock/company/sz/000886/15_zyywsr.shtml t _blank 主營(yíng)業(yè)務(wù)收入 HYPERLINK /stock/company/sz/000886/15/20

15、031231F4_1070.shtml t _blank 227,518,531減： HYPERLINK /stock/company/sz/000886/15_zkyzr.shtml t _blank 折扣與折讓0 HYPERLINK /stock/company/sz/000886/15_zyywsrje.shtml t _blank 主營(yíng)業(yè)務(wù)收入凈額227,518,531減： HYPERLINK /stock/company/sz/000886/15_zyywcb.shtml t _blank 主營(yíng)業(yè)務(wù)成本135,252,000 HYPERLINK /stock/company/sz/0

16、00886/15_zyywsjjfj.shtml t _blank 主營(yíng)業(yè)務(wù)稅金及附加 HYPERLINK /stock/company/sz/000886/15/20031231F8_1070.shtml t _blank 11,338,726二、 HYPERLINK /stock/company/sz/000886/15_zyywlr.shtml t _blank 主營(yíng)業(yè)務(wù)利潤(rùn)80,927,805加： HYPERLINK /stock/company/sz/000886/15_qtywlr.shtml t _blank 其他業(yè)務(wù)利潤(rùn) HYPERLINK /stock/company/sz/

17、000886/15/20031231F10_1070.shtml t _blank -452,660 HYPERLINK /stock/company/sz/000886/15_yyfy.shtml t _blank 營(yíng)業(yè)費(fèi)用 HYPERLINK /stock/company/sz/000886/15/20031231F12_1070.shtml t _blank 26,882,634 HYPERLINK /stock/company/sz/000886/15_glfy.shtml t _blank 管理費(fèi)用 HYPERLINK /stock/company/sz/000886/15/2003

18、1231F13_1070.shtml t _blank 105,058,444 HYPERLINK /stock/company/sz/000886/15_cwfy.shtml t _blank 財(cái)務(wù)費(fèi)用 HYPERLINK /stock/company/sz/000886/15/20031231F14_1070.shtml t _blank 24,217,489三、 HYPERLINK /stock/company/sz/000886/15_yylr.shtml t _blank 營(yíng)業(yè)利潤(rùn)-75,683,422加： HYPERLINK /stock/company/sz/000886/15_

19、tzsy.shtml t _blank 投資收益-24,073,765 HYPERLINK /stock/company/sz/000886/15_btsr.shtml t _blank 補(bǔ)貼收入 HYPERLINK /stock/company/sz/000886/15/20031231F17_1070.shtml t _blank 3,105,000 HYPERLINK /stock/company/sz/000886/15_yywsr.shtml t _blank 營(yíng)業(yè)外收入 HYPERLINK /stock/company/sz/000886/15/20031231F18_1070.s

20、html t _blank 169,601減： HYPERLINK /stock/company/sz/000886/15_yywzc.shtml t _blank 營(yíng)業(yè)外支出 HYPERLINK /stock/company/sz/000886/15/20031231F20_1070.shtml t _blank 2,691,209 HYPERLINK /stock/company/sz/000886/15_yywszje.shtml t _blank 營(yíng)業(yè)外收支凈額-2,521,607四、 HYPERLINK /stock/company/sz/000886/15_lrze.shtml t

21、 _blank 利潤(rùn)總額-99,173,794減： HYPERLINK /stock/company/sz/000886/15_sds.shtml t _blank 所得稅 HYPERLINK /stock/company/sz/000886/15/20031231F23_1070.shtml t _blank 781,327減： HYPERLINK /stock/company/sz/000886/15_ssgdqy.shtml t _blank 少數(shù)股東權(quán)益-429,110加： HYPERLINK /stock/company/sz/000886/15_wqrdtzss.shtml t _

22、blank 未確認(rèn)的投資損失43,442,559五、 HYPERLINK /stock/company/sz/000886/15_jlr.shtml t _blank 凈利潤(rùn)-56,083,452加： HYPERLINK /stock/company/sz/000886/15_ncwfplr.shtml t _blank 年初未分配利潤(rùn)164,841,989六、 HYPERLINK /stock/company/sz/000886/15_kfplr.shtml t _blank 可分配利潤(rùn)108,758,537減： HYPERLINK /stock/company/sz/000886/15_t

23、qfdyygj.shtml t _blank 提取法定盈余公積117,966 HYPERLINK /stock/company/sz/000886/15_tqfdgyj.shtml t _blank 提取法定公益金117,966七、 HYPERLINK /stock/company/sz/000886/15_kggdfpdlr.shtml t _blank 可供股東分配的利潤(rùn)108,522,604八、 HYPERLINK /stock/company/sz/000886/15_wfplr.shtml t _blank 未分配利潤(rùn)108,522,604項(xiàng)目：現(xiàn)金流量表報(bào)告期2003-12-31

24、HYPERLINK /stock/company/sz/000886/16_F5.shtml t _blank 銷售商品、提供勞務(wù)收到的現(xiàn)金275,307,646 HYPERLINK /stock/company/sz/000886/16_F9.shtml t _blank 收到的其他與經(jīng)營(yíng)活動(dòng)有關(guān)的現(xiàn)金 HYPERLINK /stock/company/sz/000886/16/20031231F9_1079.shtml t _blank 57,267,167 HYPERLINK /stock/company/sz/000886/16_F10.shtml t _blank 經(jīng)營(yíng)活動(dòng)現(xiàn)金流入小

25、計(jì)332,574,813 HYPERLINK /stock/company/sz/000886/16_F11.shtml t _blank 購(gòu)買商品接受勞務(wù)支付的現(xiàn)金163,507,680 HYPERLINK /stock/company/sz/000886/16_F13.shtml t _blank 支付給職工以及為職工支付的現(xiàn)金37,541,620 HYPERLINK /stock/company/sz/000886/16_F189.shtml t _blank 支付的各項(xiàng)稅費(fèi)12,374,591 HYPERLINK /stock/company/sz/000886/16_F17.shtm

26、l t _blank 支付的其他與經(jīng)營(yíng)活動(dòng)有關(guān)的現(xiàn)金 HYPERLINK /stock/company/sz/000886/16/20031231F17_1079.shtml t _blank 117,717,088 HYPERLINK /stock/company/sz/000886/16_F18.shtml t _blank 經(jīng)營(yíng)活動(dòng)現(xiàn)金流出小計(jì)331,140,979 HYPERLINK /stock/company/sz/000886/16_F19.shtml t _blank 經(jīng)營(yíng)活動(dòng)產(chǎn)生的現(xiàn)金流量?jī)纛~1,433,833 HYPERLINK /stock/company/sz/0008

27、86/16_F21.shtml t _blank 收回投資所收到的現(xiàn)金14,564,772 HYPERLINK /stock/company/sz/000886/16_F192.shtml t _blank 取得投資收益所收到的現(xiàn)金5,325,705 HYPERLINK /stock/company/sz/000886/16_F24.shtml t _blank 處置固定無(wú)形和長(zhǎng)期資產(chǎn)收回的現(xiàn)金476,334 HYPERLINK /stock/company/sz/000886/16_F26.shtml t _blank 投資活動(dòng)現(xiàn)金流入小計(jì)20,366,811 HYPERLINK /stoc

28、k/company/sz/000886/16_F27.shtml t _blank 購(gòu)建固定無(wú)形和長(zhǎng)期資產(chǎn)支付的現(xiàn)金97,295,446 HYPERLINK /stock/company/sz/000886/16_F190.shtml t _blank 投資所支付的現(xiàn)金24,772,303 HYPERLINK /stock/company/sz/000886/16_F31.shtml t _blank 投資活動(dòng)現(xiàn)金流出小計(jì)122,067,749 HYPERLINK /stock/company/sz/000886/16_F32.shtml t _blank 投資活動(dòng)產(chǎn)生的現(xiàn)金流量?jī)纛~-101,

29、700,938 HYPERLINK /stock/company/sz/000886/16_F36.shtml t _blank 借款所收到的現(xiàn)金357,300,000 HYPERLINK /stock/company/sz/000886/16_F37.shtml t _blank 收到的其他與籌資活動(dòng)有關(guān)的現(xiàn)金 HYPERLINK /stock/company/sz/000886/16/20031231F37_1079.shtml t _blank 104,945,336 HYPERLINK /stock/company/sz/000886/16_F38.shtml t _blank 籌資活

30、動(dòng)現(xiàn)金流入小計(jì)466,745,336 HYPERLINK /stock/company/sz/000886/16_F39.shtml t _blank 償還債務(wù)所支付的現(xiàn)金116,000,000 HYPERLINK /stock/company/sz/000886/16_F45.shtml t _blank 支付的其他與籌資活動(dòng)有關(guān)的現(xiàn)金 HYPERLINK /stock/company/sz/000886/16/20031231F45_1079.shtml t _blank 52,453,825 HYPERLINK /stock/company/sz/000886/16_F46.shtml

31、t _blank 籌資活動(dòng)現(xiàn)金流出小計(jì)183,822,667 HYPERLINK /stock/company/sz/000886/16_F47.shtml t _blank 籌資活動(dòng)產(chǎn)生的現(xiàn)金流量?jī)纛~282,922,669四、 HYPERLINK /stock/company/sz/000886/16_F48.shtml t _blank 匯率變動(dòng)對(duì)現(xiàn)金的影響-五、 HYPERLINK /stock/company/sz/000886/16_F49.shtml t _blank 現(xiàn)金及現(xiàn)金等價(jià)物凈增加額182,655,564 HYPERLINK /stock/company/sz/00088

32、6/16_F58.shtml t _blank 凈利潤(rùn)-56,083,452加： HYPERLINK /stock/company/sz/000886/16_F59.shtml t _blank 少數(shù)股東損益-429,110 HYPERLINK /stock/company/sz/000886/16_F191.shtml t _blank 計(jì)提的資產(chǎn)減值準(zhǔn)備1,671,475 HYPERLINK /stock/company/sz/000886/16_F61.shtml t _blank 固定資產(chǎn)折舊90,405,993 HYPERLINK /stock/company/sz/000886/1

33、6_F62.shtml t _blank 無(wú)形資產(chǎn)攤銷1,548,026 HYPERLINK /stock/company/sz/000886/16_F165.shtml t _blank 長(zhǎng)期待攤費(fèi)用攤銷21,308,218 HYPERLINK /stock/company/sz/000886/16_F64.shtml t _blank 待攤費(fèi)用的減少(減增加)1,228,577 HYPERLINK /stock/company/sz/000886/16_F65.shtml t _blank 預(yù)提費(fèi)用的增加(減減少)317,592 HYPERLINK /stock/company/sz/00

34、0886/16_F66.shtml t _blank 處置固定無(wú)形和其他長(zhǎng)期資產(chǎn)的損失(減：收益)583,604 HYPERLINK /stock/company/sz/000886/16_F67.shtml t _blank 固定資產(chǎn)報(bào)廢損失14,170 HYPERLINK /stock/company/sz/000886/16_F68.shtml t _blank 財(cái)務(wù)費(fèi)用24,259,262 HYPERLINK /stock/company/sz/000886/16_F69.shtml t _blank 投資損失(減收益)24,073,765 HYPERLINK /stock/compa

35、ny/sz/000886/16_F71.shtml t _blank 存貨的減少(減增加)-38,293,668 HYPERLINK /stock/company/sz/000886/16_F72.shtml t _blank 經(jīng)營(yíng)性應(yīng)收項(xiàng)目的減少(減增加)-57,455 HYPERLINK /stock/company/sz/000886/16_F73.shtml t _blank 經(jīng)營(yíng)性應(yīng)付項(xiàng)目的增加(減減少)-25,670,603 HYPERLINK /stock/company/sz/000886/16_F76.shtml t _blank 經(jīng)營(yíng)活動(dòng)產(chǎn)生之現(xiàn)金流量?jī)纛~1,433,833

36、 HYPERLINK /stock/company/sz/000886/16_F78.shtml t _blank 貨幣資金的期末余額344,249,399減： HYPERLINK /stock/company/sz/000886/16_F79.shtml t _blank 貨幣資金的期初余額161,593,835 HYPERLINK /stock/company/sz/000886/16_F82.shtml t _blank 現(xiàn)金及現(xiàn)金等價(jià)物凈增加額182,655,564資產(chǎn)負(fù)債表報(bào)告期2003-12-31 HYPERLINK /stock/company/sz/000886/14_hbzj

37、.shtml t _blank 貨幣資金 HYPERLINK /stock/company/sz/000886/14/20031231F6_1040.shtml t _blank 344,249,399 HYPERLINK /stock/company/sz/000886/14_dqtz.shtml t _blank 短期投資 HYPERLINK /stock/company/sz/000886/14/20031231F7_1040.shtml t _blank 34,003,063減: HYPERLINK /stock/company/sz/000886/14_dqtzdjzb.shtml

38、t _blank 短期投資跌價(jià)準(zhǔn)備21,037,361 HYPERLINK /stock/company/sz/000886/14_dqtzje.shtml t _blank 短期投資凈額12,965,702 HYPERLINK /stock/company/sz/000886/14_yszk.shtml t _blank 應(yīng)收帳款 HYPERLINK /stock/company/sz/000886/14/20031231F13_1040.shtml t _blank 637,039,465 HYPERLINK /stock/company/sz/000886/14_yszkje.shtml

39、 t _blank 應(yīng)收賬款凈額630,753,940 HYPERLINK /stock/company/sz/000886/14_qtysk.shtml t _blank 其他應(yīng)收款 HYPERLINK /stock/company/sz/000886/14/20031231F20_1040.shtml t _blank 41,409,288 HYPERLINK /stock/company/sz/000886/14_qtyskje.shtml t _blank 其他應(yīng)收款凈額32,792,564減: HYPERLINK /stock/company/sz/000886/14_hzzb.sh

40、tml t _blank 壞帳準(zhǔn)備 HYPERLINK /stock/company/sz/000886/14/20031231F15_1040.shtml t _blank 14,902,250 HYPERLINK /stock/company/sz/000886/14_yskxje.shtml t _blank 應(yīng)收款項(xiàng)凈額663,546,503 HYPERLINK /stock/company/sz/000886/14_yfzk.shtml t _blank 預(yù)付帳款 HYPERLINK /stock/company/sz/000886/14/20031231F17_1040.shtml

41、 t _blank 28,020,703 HYPERLINK /stock/company/sz/000886/14_ch.shtml t _blank 存貨 HYPERLINK /stock/company/sz/000886/14/20031231F23_1040.shtml t _blank 275,284,774減: HYPERLINK /stock/company/sz/000886/14_chdjzb.shtml t _blank 存貨跌價(jià)準(zhǔn)備2,478,955 HYPERLINK /stock/company/sz/000886/14_chje.shtml t _blank 存貨

42、凈額272,805,820 HYPERLINK /stock/company/sz/000886/14_dtfy.shtml t _blank 待攤費(fèi)用 HYPERLINK /stock/company/sz/000886/14/20031231F25_1040.shtml t _blank 614,773 HYPERLINK /stock/company/sz/000886/14_ldzchj.shtml t _blank 流動(dòng)資產(chǎn)合計(jì)1,322,202,901 HYPERLINK /stock/company/sz/000886/14_cqgqtz.shtml t _blank 長(zhǎng)期股權(quán)投

43、資40,289,342 HYPERLINK /stock/company/sz/000886/14_cqtzhj.shtml t _blank 長(zhǎng)期投資合計(jì) HYPERLINK /stock/company/sz/000886/14/20031231F33_1040.shtml t _blank 69,591,803減: HYPERLINK /stock/company/sz/000886/14_cqtzjzzb.shtml t _blank 長(zhǎng)期投資減值準(zhǔn)備29,302,462 HYPERLINK /stock/company/sz/000886/14_cqtzje.shtml t _bla

44、nk 長(zhǎng)期投資凈額40,289,342其中: HYPERLINK /stock/company/sz/000886/14_hbjc.shtml t _blank 合并價(jià)差751,845 HYPERLINK /stock/company/sz/000886/14_gqtzce.shtml t _blank 股權(quán)投資差額0 HYPERLINK /stock/company/sz/000886/14_gdzcyj.shtml t _blank 固定資產(chǎn)原價(jià)4,721,285,228減: HYPERLINK /stock/company/sz/000886/14_ljzj.shtml t _blank

45、 累計(jì)折舊567,131,504 HYPERLINK /stock/company/sz/000886/14_gdzcjz.shtml t _blank 固定資產(chǎn)凈值 HYPERLINK /stock/company/sz/000886/14/20031231F39_1040.shtml t _blank 4,154,153,725減: HYPERLINK /stock/company/sz/000886/14_gdzcjzzb.shtml t _blank 固定資產(chǎn)減值準(zhǔn)備66,295,373 HYPERLINK /stock/company/sz/000886/14_gdzcje.shtm

46、l t _blank 固定資產(chǎn)凈額4,087,858,352 HYPERLINK /stock/company/sz/000886/14_zjgc.shtml t _blank 在建工程 HYPERLINK /stock/company/sz/000886/14/20031231F41_1040.shtml t _blank 6,296,274減: HYPERLINK /stock/company/sz/000886/14_zjgcjzzb.shtml t _blank 在建工程減值準(zhǔn)備4,134,238 HYPERLINK /stock/company/sz/000886/14_zjgcje

47、.shtml t _blank 在建工程凈額2,162,035 HYPERLINK /stock/company/sz/000886/14_gdzchj.shtml t _blank 固定資產(chǎn)合計(jì)4,090,020,387 HYPERLINK /stock/company/sz/000886/14_wxzc.shtml t _blank 無(wú)形資產(chǎn)82,059,482 HYPERLINK /stock/company/sz/000886/14_kbf.shtml t _blank 開(kāi)辦費(fèi)0 HYPERLINK /stock/company/sz/000886/14_dyzc.shtml t _b

48、lank 遞延資產(chǎn)0 HYPERLINK /stock/company/sz/000886/14_cqdtfy.shtml t _blank 長(zhǎng)期待攤費(fèi)用 HYPERLINK /stock/company/sz/000886/14/20031231F49_1040.shtml t _blank 18,545,692 HYPERLINK /stock/company/sz/000886/14_qtcqzc.shtml t _blank 其他長(zhǎng)期資產(chǎn)0 HYPERLINK /stock/company/sz/000886/14_wxzcjqtzchj.shtml t _blank 無(wú)形資產(chǎn)及其他資

49、產(chǎn)合計(jì)83,859,880 HYPERLINK /stock/company/sz/000886/14_dqjk.shtml t _blank 短期借款 HYPERLINK /stock/company/sz/000886/14/20031231F57_1040.shtml t _blank 45,000,000 HYPERLINK /stock/company/sz/000886/14_yfzk.shtml t _blank 應(yīng)付帳款 HYPERLINK /stock/company/sz/000886/14/20031231F59_1040.shtml t _blank 17,672,90

50、1 HYPERLINK /stock/company/sz/000886/14_yszk.shtml t _blank 預(yù)收帳款 HYPERLINK /stock/company/sz/000886/14/20031231F60_1040.shtml t _blank 18,380,353 HYPERLINK /stock/company/sz/000886/14_yfgz.shtml t _blank 應(yīng)付工資 HYPERLINK /stock/company/sz/000886/14/20031231F62_1040.shtml t _blank 2,110,929 HYPERLINK /

51、stock/company/sz/000886/14_yfflf.shtml t _blank 應(yīng)付福利費(fèi)3,538,977 HYPERLINK /stock/company/sz/000886/14_yfgl.shtml t _blank 應(yīng)付股利 HYPERLINK /stock/company/sz/000886/14/20031231F64_1040.shtml t _blank 13,858,421 HYPERLINK /stock/company/sz/000886/14_yjsj.shtml t _blank 應(yīng)交稅金 HYPERLINK /stock/company/sz/00

52、0886/14/20031231F65_1040.shtml t _blank -36,580,884 HYPERLINK /stock/company/sz/000886/14_qtyjk.shtml t _blank 其他應(yīng)交款 HYPERLINK /stock/company/sz/000886/14/20031231F66_1040.shtml t _blank -110,258 HYPERLINK /stock/company/sz/000886/14_qtyfk.shtml t _blank 其他應(yīng)付款 HYPERLINK /stock/company/sz/000886/14/2

53、0031231F67_1040.shtml t _blank 129,269,823 HYPERLINK /stock/company/sz/000886/14_ytfy.shtml t _blank 預(yù)提費(fèi)用 HYPERLINK /stock/company/sz/000886/14/20031231F68_1040.shtml t _blank 1,274,724 HYPERLINK /stock/company/sz/000886/14_ynndqdcqfz.shtml t _blank 一年內(nèi)到期的長(zhǎng)期負(fù)債15,000,000 HYPERLINK /stock/company/sz/0

54、00886/14_ldfzhj.shtml t _blank 流動(dòng)負(fù)債合計(jì)209,414,986 HYPERLINK /stock/company/sz/000886/14_cqjk.shtml t _blank 長(zhǎng)期借款 HYPERLINK /stock/company/sz/000886/14/20031231F73_1040.shtml t _blank 1,190,763,595 HYPERLINK /stock/company/sz/000886/14_cqyfk.shtml t _blank 長(zhǎng)期應(yīng)付款 HYPERLINK /stock/company/sz/000886/14/2

55、0031231F75_1040.shtml t _blank 1,877,388,274財(cái)務(wù)分析短期償債能力分析：流動(dòng)比率= SKIPIF 1 0 =1,322,202,901209,414,986 =6.3138速動(dòng)比率= SKIPIF 1 0 =(1,322,202,901-275,284,774)/209,414,986 =5.0111保守的速動(dòng)比率= SKIPIF 1 0 =(4,249,399+34,003,063+630,753,940)/209,414,986 4.8182現(xiàn)金比率= SKIPIF 1 0 = SKIPIF 1 0 =(344,249,399+34,003,063

56、)/209,414,986 =1.8062資產(chǎn)負(fù)債率= SKIPIF 1 0 =產(chǎn)權(quán)比率= SKIPIF 1 0 =59.2006%權(quán)益系數(shù)= SKIPIF 1 0 =2.4671股東權(quán)益比= SKIPIF 1 0 =0.40433 =有形凈值債務(wù)率= SKIPIF 1 0 =40.5329%利息保障倍數(shù)= SKIPIF 1 0 = SKIPIF 1 0 =(-75,683,422-24,217,489)/24,217,489 =-4.1252由以上數(shù)據(jù)可知：公司的現(xiàn)金流量比較大，資本的更新速度比較快。雖然與2002年度相比，贏利能力有所下降，利潤(rùn)總額也為負(fù)值，但其短期償債能力比較強(qiáng)，通過(guò)吸引

57、社會(huì)游離資金和不斷加強(qiáng)自身的管理，仍然可以走出目前營(yíng)運(yùn)低迷的走勢(shì)。所以是一家值得投資的企業(yè)。企業(yè)獲利能力分析（銷售利潤(rùn)分析）銷售毛利率= SKIPIF 1 0 = SKIPIF 1 0 =(227,518,531-135,252,000)/227,518,531 =40.5534%營(yíng)業(yè)利潤(rùn)率= SKIPIF 1 0 = SKIPIF 1 0 =(227,518,531-135,252,000-0)/227,518,531 =40.5534%銷售凈利率= SKIPIF 1 0 = SKIPIF 1 0 =-56,083,452/227,518,531 =-24.6501%資產(chǎn)報(bào)酬率= SKIPI

58、F 1 0 =-56,083,4522/(5,536,373+5,444,560)1000 =-1.0215%股東權(quán)益報(bào)酬率= SKIPIF 1 0 =-56,083,452/2,244,054,000 =-2.4992%成本費(fèi)用利潤(rùn)率= SKIPIF 1 0 = SKIPIF 1 0 =由以上計(jì)算數(shù)據(jù)分析可知：企業(yè)銷售的毛利率不夠高，主營(yíng)業(yè)務(wù)成本和管理費(fèi)用都偏高。應(yīng)加強(qiáng)物資的合理分配，完善自身的管理，降低主營(yíng)業(yè)務(wù)成本。從而使企業(yè)的凈利潤(rùn)有負(fù)變正，實(shí)現(xiàn)盈利。從總的來(lái)看，企業(yè)在這一年度，它的獲利能力較2002年有所下降，需進(jìn)一步得到改善。 三、企業(yè)營(yíng)運(yùn)能力分析總資產(chǎn)周轉(zhuǎn)率= SKIPIF 1 0

59、 = SKIPIF 1 0 =0.0414總資產(chǎn)周轉(zhuǎn)天數(shù)= SKIPIF 1 0 =360/0.0414 =8695.65流動(dòng)資產(chǎn)周轉(zhuǎn)率= SKIPIF 1 0 = SKIPIF 1 0 =227,518,531/1,322,202,901 =0.1721固定資產(chǎn)周轉(zhuǎn)率= SKIPIF 1 0 = SKIPIF 1 0 =227,518,531/4,154,153,725 =0.0548 存貨周轉(zhuǎn)率= SKIPIF 1 0 = SKIPIF 1 0 =0.05331存貨周轉(zhuǎn)天數(shù)= SKIPIF 1 0 =應(yīng)收帳款周轉(zhuǎn)率= SKIPIF 1 0 = SKIPIF 1 0 =675.2954（天）

60、由以上計(jì)算數(shù)據(jù)分析可知：企業(yè)的流動(dòng)資金周轉(zhuǎn)率過(guò)低，總資產(chǎn)的周轉(zhuǎn)率也不是很令人滿意，這也是企業(yè)目前經(jīng)營(yíng)業(yè)績(jī)不佳的主要因。企業(yè)應(yīng)想辦法盤活自己的流動(dòng)資金，進(jìn)而使總資產(chǎn)流動(dòng)加快，從而提高企業(yè)的營(yíng)運(yùn)能力?，F(xiàn)金償債能力分析現(xiàn)金流量比率 = SKIPIF 1 0 =1,433,833/277,518,531=0.6847% 銷售現(xiàn)金比率= SKIPIF 1 0 = SKIPIF 1 0 =0.6302%由以上計(jì)算數(shù)據(jù)分析可知：企業(yè)雖然出現(xiàn)了暫時(shí)的盈利困難，但其償債能力仍比較強(qiáng)，企業(yè)仍可以通過(guò)完善自身而走出困境。上市公司市場(chǎng)價(jià)值分析每股利潤(rùn)= SKIPIF 1 0 =0.1079市盈率= SKIPIF 1